Marketing The year 2010 proved yet again a positive year for GPIC both in terms of volumes produced and exported to world markets.
The year 2010 proved yet again a positive year for GPIC both in terms of volumes produced and exported to world markets. The USA took the lion’s share of the exports of 553,135 tonnes for the year, capturing nearly 49% of the total. The year also proved remarkable for the company in terms of revenue from sales and also in maintaining its market shares in Strategic markets like the USA, China and India.
These figures reflect the excellent coordination and cooperation between GPIC Marketing Department and the company’s marketers, PIC, Kuwait for Ammonia and Granular Urea and SABIC, Saudi Arabia for Methanol.
The cumulative export tonnage since export operations started totalled 24,0 million, comprising 6,2 million tonnes of Ammonia, 10,3 million tonnes of Methanol and 7,5 million tonnes of Urea.
Ammonia / Methanol ship loading facilities
Methanol Export By Region 2010
GPIC Exports 2010 (Total 1,138,907 MT) 50
USA 46% China 3% 6% Singapore
Percentage of Export
40 30 20 10
46% Thailand
0 Jordan S. Korea Singapore Thailand Argentina Africa
India
China
USA
30 Annual Report 2010
GPIC AR Big Book Eng with financial.indd 30
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